Steven Malagda wants to know why cities insist on constructing – and expanding – convention centers and meeting facilities:
The convention business has been waning for years. Back in 2007, before the current economic slowdown, a report from Destination Marketing Association International was already calling it a “buyer’s market.” It has only worsened since. In 2010, conventions and meetings drew just 86 million attendees, down from 126 million ten years earlier. Meantime, available convention space has steadily increased to 70 million square feet, up from 40 million 20 years ago.
(Photo of the Boston Convention Center by Flickr user electric.porcupine.)